Tag Archive: bankrupcy
Bankrupt Builder – Will The Insurance Be Enough?
I have previously talked about dealing with the mess when a builder goes bust. To make the financial aspects clearer a worked example follows: This is based on a contract for a house to be built for $300,000. A typical…
Read more
Bankrupt Builder – Getting Finished
If your new house is under construction a typical procedure to finish the house with the insurer is: The insurer should appoint a building consultant. The consultant will inspect the house and work out the scope of works to complete the…
Read more